Twenty-five investment groups, representing about $21 billion in assets in the United States, Europe and Australia, are signatories to a “joint investor statement on freedom of expression and the internet,” an initiative spearheaded by the media watchdog Reporters Without Borders.
The statement comes after several instances in which technology companies have been criticized for cooperating with governments, notably China, in order to secure strong market positions.
“As shareholders, we need to feel confident that our companies are not complicit in human rights abuses, directly or indirectly, and that they’re not collaborating to effectively quell internet traffic, to harm their own good reputations and to reduce their long-term growth opportunities,” said Dawn Wolfe, social research and advocacy analyst for Boston Common Asset Management, one of the participating investment funds.
Although China and other countries have come under fire for limiting what their citizens can see or post on the web, China also is a particularly sought-after market, for the potential its vast population offers.
Microsoft and Google have been accused of helping the government there censor news sites and blogs. And in a recent case, Reporters Without Borders criticized Yahoo for allegedly helping the Chinese government trace the private e-mail account of a Chinese journalist who was later imprisoned for providing state secrets to foreigners. Yahoo has defended its move, saying it is obliged to comply with Chinese regulations.